FIRST NB OF LINDSAY Failed 2024

What happened

FIRST NB OF LINDSAY of LINDSAY, OK was closed on 2024-10-18. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to FIRST BANK & TRUST CO. (DUNCAN, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

4111

FDIC Certificate

4134

FDIC FIN

10547

Bank name

FIRST NB OF LINDSAY

Location

LINDSAY, OK

Failure date

2024-10-18

FDIC resolution date

2024-10-18

Charter type

National commercial bank (OCC-chartered)

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$47M

Deposits at failure

$98M

Assets at failure

$108M

Acquiring bank

FIRST BANK & TRUST CO. (DUNCAN, OK)